| News Release |
October 15, 2008 |
| NXT Energy Solutions Inc . |
(TSX.V - SFD) (OTCBB-NSFDF) (Frankfurt-EFW) |
NXT Energy Solutions Inc. ("NXT") Retains the Howard Group to Provide Investor and Financial Relations
CALGARY, ALBERTA--(Marketwire - Oct. 15, 2008) - NXT Energy Solutions Inc. (TSX VENTURE:SFD) (OTCBB:NSFDF) (FRANKFURT:EFW) is pleased to announce that it has engaged The Howard Group Inc. of Calgary, Alberta, to provide investor and financial relations services to the company.
Since 1988, The Howard Group Inc. has provided comprehensive investor and financial relations, business development solutions, in-depth strategic planning and financing services to public companies. The Howard Group Inc. is associated with the Insight Limited Partnerships I & II, which invest in micro and small cap companies.
The initial term of the agreement is for a period of 12 months. The Howard Group Inc. will be compensated with a monthly retainer of $7,000 (Seven Thousand Dollars) CDN and 164,000 (One Hundred & Sixty Four Thousand) options. The options have an exercise price of $1.90 with a term expiring August 31, 2011.
For further information on The Howard Group Inc. please visit www.howardgroupinc.com.
In addition to its ongoing investor relations services, The Howard Group Inc. will be providing an ongoing commentary on NXT's activities in its free, online live newsletter, Insight. Interested parties are encouraged to subscribe to the newsletter feed:
http://howardgroupinsightnewsletter.blogspot.com/
http://www.howardgroupinc.com/register.html
The above agreement is subject to the acceptance of the TSX Venture Exchange.
About NXT Energy exploration technologies Inc.
NXT is in the business of providing wide-area airborne exploration services to the oil and gas industry. The Company utilizes its proprietary SFD Survey System to offer its clients a unique service to rapidly identify sub-surface structures with reservoir potential in sedimentary basins with no environmental impact. The value of the service is providing clients with an efficient, cost effective method of surveying large tracts of land and delivering an inventory of SFD prospects with high potential.
Additional information about NXT and the SFD technology is available on the Company's website -www.nxtenergy.com.
Forward-Looking Statements
This news release may include forward-looking statements including opinions, assumptions, estimates and expectations of future prospects for the Company and financial projections. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable; there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of capital markets, the ability to obtain financing, changes in the oil and gas industry, operating risks, reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities.
For further information contact:
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |